More good news for the Bay of Plenty region this week with ASB’s economic report showing we are now New Zealand’s best-performing region! This is the first time the Bay of Plenty has been at the top of the regional economic scoreboard, knocking Auckland off the mantle. Here is the scoreboard for the regions:
ASB/Main Report Regional Economic Scoreboard (Q3, 2015):
- Bay of Plenty
- = Auckland
- = Northland
- = Hawke’s Bay
- = Otago
- = Tasman
- = Nelson
- West Coast
- = Taranaki
- = Wellington
Over the last 12 months we have shared many articles about a surge in business confidence, a huge increase in employment in the region and a housing market boom for Tauranga and the surrounding areas. All these factors have played a part in getting us to the top spot on the rankings.
Along with the economic boom we have seen a large increase in Aucklanders and Hamiltonians arriving in the region. They have come for the jobs and the lifestyle that our stunning region has to offer. With current mortgage rates at record lows and further drops expected we can only expect more people to find their way to our sunny shores.
What does this mean for property investors? If you’re not already in the market then now is the time to jump onboard the property investing boom! At Connect Realty we have all the latest real estate market figures for the Bay of Plenty. Combined with our extensive experience as property managers in the Tauranga, Mt Maunganui and Papamoa areas we can help you make the right investment in housing and find you quality long term tenants to keep your investment protected.
Call Chris today to discuss your next property investment, or if you have a property you would like managed then our team are happy to help.
Visit our website www.connectrealty.co.nz or call 0800 333 221 today.
For more information about the ASB regional report follow this link – https://reports.asb.co.nz/report/article/21774/18/0/bay-of-plenty-top-of-the-pops.html